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Xauusdwave

Intensifying Bear Grip: Can 3610–3600 Save the Bulls?Gold started to retreat from around 3675, and has now retreated to the lowest point of 3620-3610. According to the current market performance, we can clearly see that the rebound high point of gold after the retreat is gradually decreasing, and the control of the short position is further increasing. Yesterday, according to my trading model, my prediction that gold may usher in another 600pips retreat has been realized, and we have also won a big victory in the short transaction. It can be said that we have become the first echelon to reap the dividends from the short transaction. Then, will the high-rise building that the gold market has worked so hard to build collapse? In fact, from a macroeconomic and technical perspective, gold's bullish trend remains intact, supported by expectations of rate cuts and safe-haven demand, which will, to a certain extent, limit any potential pullback. From a capital perspective, some funds may be taking profits, but the current retracement is far from panic selling. Furthermore, as gold gradually retreats, a large amount of funds that have not yet entered the market in a timely manner may flow into the market, further pushing up gold prices. From a technical perspective, after the pullback, the rebound high of gold has gradually moved down from 3655 to 3650 and 3640, while the retracement low has also moved down simultaneously. The current lowest has reached around 3620, and there are signs of further pullback. However, we need to note that in the short term, gold is still technically supported in the 3610-3600 area, while strong support is in the 3590-3580 area. Therefore, from a short-term perspective, the retracement space may not be sufficient, so I do not advocate shorting gold directly. On the contrary, we can wait for gold to rebound to the 3640-3650 area and then moderately consider shorting gold, because as gold gradually retreats, the 3635-3645 area has become the current short-term resistance area. Therefore, for short-term trading, since gold has rebounded after touching 3620 many times, and is technically supported by the 3610-3600 area in the short term, we can consider starting to try to go long on gold in the 3620-3610 area; after gold rebounds to the 3635-3645 area, we can moderately consider shorting gold.
OANDA:XAUUSDShort
by PriceSniper_Steffen
Plan 10 Sep, 2025Related Information:!!! 🎯Bets on a more aggressive policy easing by the Federal Reserve (Fed), reinforced by last Friday’s weak U.S. Nonfarm Payrolls (NFP) report, have kept the overnight U.S. Dollar rebound in check and helped revive demand for non-yielding gold. In addition, prolonged trade-related uncertainties, escalating geopolitical tensions, and political concerns in France and Japan are other factors supporting the safe-haven precious metal. This, in turn, affirms the short-term positive outlook for the commodity and suggests that any corrective pullback could be viewed as a buying opportunity. personal opinion:!!! 🎯Gold prices are moving sideways within the 3,660–3,630 range. Important price zone to consider : !!! resistance zone point: 3660, 3630 zone
OANDA:XAUUSD
by JJainy
1
Bulls vs Bears: Race to 3700 or 3600 ?!Currently, gold is fluctuating above the 3640 line. We can clearly see that gold has not effectively fallen below 3640 during multiple pullbacks in the short term. This proves that during the pullback period of gold, a lot of funds have entered the market, thereby pushing the gold price to fluctuate upward. However, during the upward fluctuation, gold encountered resistance and fell back in the 3655-3660 area many times, exacerbating the short-term volatility trend! But we need to note that gold has rebounded since 3620 and formed a band-like low point structure; and it has tested 3640 many times and has not fallen below it, showing signs of forming a band-like secondary low point structure. Judging from the characteristics of the low point gradually rising, the current bullish force has a slight advantage, so short-term trading is still dominated by going long on gold. Judging from the current structure, the short-term support area below is located in the 3635-3625 area, followed by the 3615-3605 area; and the short-term resistance is located near 3660. If gold breaks through the area near 3660 during the volatile upward process, gold may test the high point area near 3675. Once the high point near 3675 is refreshed again, it is expected to directly touch around 3700. Therefore, it is not completely certain that gold has peaked at present, and we should not blindly chase short gold in trading; on the contrary, when gold retreats to the support area of 3635-3625, we can try to go long on gold, first aiming at the target area: 3660-3670, and once it breaks through this area, the target area will be postponed to the 3690-3700 area.
OANDA:XAUUSDLong
by PriceSniper_Steffen
Gold's Battle to Defend. A Trend's Lifeline?Gold surged and then retreated on Tuesday. After reaching a record high, gold prices failed to hold onto all their gains, giving up all their gains on Tuesday. This indicates a strong resistance level above, and bulls encountered stiff resistance from bears as they attempted to break higher. This may indicate a shift in market sentiment in the short term, with bullish momentum weakening and bears gradually gaining the upper hand. Technical indicators show that the moving averages remain bullish. Gold has recently been rallying strongly against the 5-day moving average. On Wednesday, we will continue to monitor the 5-day moving average support, currently around 3605. If gold prices can hold above 3600, the risk of a price pullback may be mitigated, making it more likely to be a technical correction after bulls take short-term profits and test overhead resistance. Under the current trend, the market is likely to remain in a volatile consolidation pattern, gradually correcting technical deviations. Once indicators adjust, there is still momentum for a renewed push towards previous highs. Conversely, if gold prices break below the 5-day moving average support level of 3605 on Wednesday and close firmly below that level, it's important to note that the short-term bullish trend is weakening, and the market is likely entering a correction phase. Trading Strategy: Short around 3650, stop-loss at 3660, profit range 3620-3600. Scalping: Go long at the current price, profit range 3650-3655.
FOREXCOM:XAUUSD
by Market_Trader
Is a rate cut confirmed? Be wary of the market.Non-farm payroll data: US non-farm payrolls increased by only 22,000 in August (far below the expected 75,000), the unemployment rate rose to 4.3%, and June's data was revised downward to -13,000 (the first negative growth since December 2020), marking three consecutive months of slowing job growth. The market has pushed the probability of a September rate cut to 99%. With the release of the non-farm payroll data, a rate cut is now a foregone conclusion, with differing opinions on whether to cut by 25 basis points or 50 basis points. Gold prices remained strong this week, with the moving average system showing a standard upward divergent pattern. Recently, gold prices have consistently risen against the 5-day moving average, which has become a key short-term support line in the current market. As the market continues to move, the 3578 high has been broken, raising concerns about upward resistance. Further attention is being paid to the 3610 area. This level represents the current resistance level in the rising channel formed by the highs and lows since gold started its upward trend at 3120, and is also a level to watch next week. When gold retreats and rebounds and hits the 3610 pressure level next week, we must be wary of a market reversal. The current expectations of interest rate cuts have basically been consumed. In terms of operations next week, Quaid believes that we should gradually participate in short selling, and the key position is around 3610.
FX:XAUUSD
by Market_Trader
A small retracement. Continued bullishness?Gold began to make technical adjustments after hitting a high of 3578 in the U.S. market on Wednesday. After the opening of the Asian market on Thursday, gold fluctuated downward, hitting a low of around 3511 before starting to rebound. The daily line is still in a weak form, but in the continuous upward market, a small pullback is a technical repair. After the release of ADP data on Thursday, the market continued to fluctuate at a high level, and the price of gold did not develop a new trend due to the data. Judging from the current gold trend, the short-term support below is around 3525, and the second focus is on the early Asian market pullback position of 3510. 3500 is the last line of defense for the bulls. If it falls below this position, the overall trend will most likely change. The short-term bullish trend line is 3500. Ahead of Friday's non-farm payroll data release, the daily chart stabilizes above this level and continues to support pullbacks. Trading strategy: Go long on a pullback near 3535, add to your position at 3325, set a stop loss at 3515, and expect profit margins of 3350-3360-3370.
FX:XAUUSD
by Market_Trader
The uptrend continues. Bullish momentum?A slight pullback followed by continued gains? Gold has surged 100 points since the start of this week, with consecutive daily gains, returning to a strong trend and continuously setting new all-time highs. The 1-hour chart shows that prices opened higher in early Asian trading on Tuesday. After a slight pullback in European trading, prices surged sharply in the US market, influenced by data. Currently, focus on the 3510-3500 trend line. If the strong upward trend continues, prices must not fall below this range. The hourly chart shows that the overall trend remains within the upper limit of the advanced Bollinger Band. After the early Asian rally, there is a high probability of further gains after a pullback. The overall trend is upward, so follow the trend. The current market is very simple to trade: go long on any pullback. Trading strategy: Go long around 3525, with a stop-loss at 3505 and a target of 3550-3570.
FX:XAUUSDLong
by Market_Trader
Gold is strong. Where is the vertex?On Tuesday, after repeated price fluctuations, gold broke out again, closing higher on the daily chart and completing its sixth consecutive positive day. The overall bullish trend remains extremely strong, and bullish sentiment dominates the market. Technical indicators remain unchanged, with the moving average system showing a standard upward diverging bullish pattern. Recently, gold prices have been steadily rising against the 5-day moving average, making it a crucial short-term support line in the current market. Regarding key price levels, the initial focus is on the support strength at 3500. This level, a previous high, failed to hold immediately after breaking through in early Asian trading on Tuesday, but continued its upward trend in the US market, creating a "top-bottom reversal" support effect. If the Asian market retreats on Wednesday, the support at this level will directly affect short-term bullish sentiment. On Wednesday, Quaid believes that as long as the bullish support line at 3500 holds, prices will continue to rise. Trading strategy: Go long at 3520, with a stop-loss of $10 and a target of 3580 or above.
FX:XAUUSDLong
by Market_Trader
9/3: Chasing Highs Risks Traps, Selling Is SaferGood morning, everyone! 🔹 Key Support Levels: 30M chart: 3510 / 3498 1H chart: 3507 / 3480 1D chart: 3458 🔹 Key Resistance Levels: 3540–3550 / 3558–3562 🔹 Trading Outlook: Focus primarily on short positions; avoid chasing the rally. Light long entries may be considered near support, but profits should be taken quickly. Yesterday, gold tested the 3500 level for the second time. After a brief pullback, bulls regained strength, pushing prices up to around 3540. Over the past week, gold has surged by nearly $200, with only minor retracements and no meaningful corrections. At current levels, there are essentially no trapped long positions. Instead, the market is dominated by shorts under pressure and profit-taking from longs. While prices might extend further toward 3550, I personally will not engage in such high-risk long trades. My overall strategy remains decisively bearish, with downside targets at 3460–3430.
FOREXCOM:XAUUSDShort
by China_MsWang
9/1: Be Cautious Chasing Highs, Focus on SellingGood evening, everyone! Driven by rate-cut expectations and geopolitical tensions, gold opened today with a slight pullback but held above key support, then rallied strongly to around 3490. If the 3368–3363 support remains intact during the U.S. session, a test of the 3500 level cannot be ruled out. However, given the sharp rally and entry into historical highs, chasing the upside is not recommended. My trading bias continues to favor selling into strength. During a correction, the 3452–3447 support zone will be crucial; holding above it keeps the bullish trend intact. If broken, focus shifts to the 3437–3423 support area. At the 3500 mark, strong resistance is highly likely. A pullback from this level is almost certain — the only uncertainty lies in the extent of the retracement. This presents a relatively high-probability shorting opportunity. Trading Strategy: Conservative traders → Focus on short positions at higher levels. Aggressive traders → May attempt tactical longs, but above 3488, selling remains the preferred approach. Given the heightened volatility, risk management is critical. If you need more specific guidance, feel free to leave me a message.
FOREXCOM:XAUUSDShort
by China_MsWang
XAUUSD 1H – EW Bearish Scenario Hi fellow traders, On the 1h XAUUSD chart, I am applying Elliott Wave principles to outline a potential expanding flat scenario, forming either as an X-wave or a B-wave. If this count holds, I expect another leg to the downside before the larger structure completes. The red-shaded supply zone provides a potential rejection area, while the blue-shaded demand zone below marks where price could stabilize. Most importantly, the golden box beneath remains untested, aligning with my expectation that price will revisit this key support zone before a stronger reversal. For this setup, my entry is positioned around the supply zone, with a Take Profit aimed at the golden box below. The Stop Loss is placed at the invalidation level, meaning the trade idea is no longer valid if price breaks above this structure. Although the broader sentiment may lean bullish, this bearish scenario remains technically supported by Elliott Wave structure and confluence levels. Good luck and trade safe.
ICMARKETS:XAUUSDShort
by OGwavetrader
Gold (XAU/USD) 21st August 2025Gold continues to trade within a critical range, where institutional footprints are leaving clear supply and demand imbalances. Today’s outlook blends the Daily (macro bias), 4H (swing structure), and 1H (execution refinement) to deliver execution-ready trading zones. 🔵 Demand Side (Buy Zones) Primary Buy Zone: $3325 – $3332 This zone represents the highest-probability demand for bulls. On the 4H chart, a fresh bullish order block was created after a clean break of structure, and the 1H confirms liquidity sweeps of prior lows alongside a fair value gap. Momentum indicators add confluence, with RSI resetting near 40 and OBV spiking during the last rally. Execution Plan: Buy around $3330 with stops below $3320. Targets are $3362 and $3380. Secondary Buy Zone: $3300 – $3308 If the first demand fails, deeper liquidity pools sit near $3300. This level coincides with discount pricing of the recent impulse leg and untapped demand on the Daily chart. Equal lows and a large liquidity cluster make this zone attractive for a potential accumulation before any further rally. Execution Plan: Buy around $3305 with stops below $3292. Targets are $3340 and $3360. 🔴 Supply Side (Sell Zones) Primary Sell Zone (Golden Zone): $3365 – $3372 This is today’s strongest supply area and the nominated Golden Zone. A fresh 4H bearish order block, aligned with a fair value gap and liquidity above recent highs, creates a high-probability rejection point. On lower timeframes, bearish divergence on MACD and expanding ATR volatility confirm the risk of a downside move. Execution Plan: Sell around $3368 with stops above $3378. Targets are $3342 and $3328. Secondary Sell Zone: $3388 – $3395 Should momentum overshoot the primary supply, $3390 offers another key resistance. This area represents extreme premium pricing of the current leg and overlaps with an untested supply block. Liquidity from prior double tops rests above this zone, while RSI shows signs of overbought conditions. Execution Plan: Sell around $3392 with stops above $3402. Targets are $3360 and $3340. 🟡 Executive Summary – Golden Zone The Primary Sell Zone ($3365 – $3372) stands out as the highest-probability setup of the day. With strong alignment across Daily, 4H, and 1H charts, this area combines: Fresh institutional supply, Liquidity resting above highs, Fair value gap imbalance, Bearish divergence on momentum indicators. The structure favors a controlled short with a tight invalidation point at $3378. Plan of the Day: Short from $3368 with targets at $3342 and $3328. Final Note: Always manage risk with discipline. Zones highlight institutional footprints, but execution must adapt to live order flow and market conditions.
OANDA:XAUUSD
by Tami512
Gold (XAU/USD) 4H- 20th August 2025Gold continues to trade in a bearish transitional phase after extended bullish movement. Current structure shows price reacting from premium supply zones, with liquidity resting below prior lows. This suggests short setups remain favorable, while discount levels could still attract buyers if deeper pullbacks occur. ✅ Primary Trading Levels Primary Buy Zone – $3280 to $3288 Gold has a fresh 4H demand block aligning with a discount zone and liquidity resting under recent equal lows. A rejection here could fuel a rebound back into $3338 and potentially $3350. Stop Loss: Below $3270 Targets: $3338 → $3350 Primary Sell Zone – $3346 to $3354 This area sits in premium territory, overlapping with a refined supply block and an unfilled imbalance. Liquidity above equal highs at $3355 makes this the most attractive level for sellers. Stop Loss: Above $3364 Targets: $3305 → $3288 ⚠️ Fallback Levels Fallback Buy Zone: $3252 – $3260 → Targeting $3305 / $3332 Fallback Sell Zone: $3372 – $3380 → Targeting $3330 / $3305 🏆 Golden Zone of the Day Sell Zone $3346 – $3354 is the highest-probability, institution-grade level for today. This zone aligns with liquidity above equal highs and offers the best risk-reward for shorts into downside targets. 📌 Trading Plan Focus on short setups near $3346 – $3354 Look for confirmation: wick rejection or displacement within the zone Manage risk tightly around liquidity shelves 📢 Conclusion: Gold is offering a clean sell-side opportunity from premium levels, with downside targets into $3305 and $3288. Buyers may only regain control if $3280 holds firmly. For now, sellers have the upper hand.
OANDA:XAUUSD
by Tami512
Gold on Fire: Bulls Eye an Unrelenting Surge to 3365–3375Although gold has been weak recently, we have still achieved impressive results in gold long trading because it touched 3375 and 3358 twice during the rebound process. We have made a total profit of more than 900 pips in the long trading, which can be said to be a very successful transaction in the short term. At present, gold maintains an overall volatile market, but in the short term, gold has never effectively fallen below the 3330-3320 area. What is more obvious is that the dense trading area below is concentrated in the 3330-3310 area, so the buying support below is strong, which greatly limits the downward space of gold; in addition, gold touched around 3358 during today's rebound, and once broke through Friday's intraday high, which to a certain extent strengthened the market bullish sentiment. Therefore, when gold retreats again, there may be more buying funds willing to enter the market. In terms of fundamentals, the ceasefire and peace between Russia and Ukraine have not yet been settled, and the geopolitical situation remains tense; and the market's expectations for the Federal Reserve to cut interest rates are gradually strengthening. Against this background, gold still has the possibility of rising again. Therefore, in the short term, I still prefer to trade gold long. We can consider buying gold in the 3340-3330 area, first looking at the target 3365-3375 area, and even continuing the upward trend to around 3380.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
Gold is under pressure. Bearish theme?Gold experienced a sharp drop in the early Asian session on Monday, hitting a low of 3323 before rebounding slightly. It reached a high of around 3358 in the European session and began to retreat under pressure. I also gave a short-selling strategy based on the views of the early Asian session. Currently, gold continues to fluctuate around the 3330 support level, and a breakout of 3330 is only a matter of time. Judging from the 1-hour chart, the first upper pressure position is still at 3350-3360. The price has failed to break through this position despite repeated shocks and is under downward pressure at this position. The current support is still focused on the neckline near 3330. The overall main tone of high-altitude participation remains unchanged. In the middle position, please be cautious and wait patiently for key points to enter the market. Trading strategy: Short around 3355, and cover shorts on a rebound to 3365-3375. Stop-loss at 3385. Profit range: 3330-3320-3310.
FX:XAUUSDShort
by Market_Trader
Gold Corrects. Targeting an Upward Move?Gold opened Monday with a dip before rising, breaking below last Friday's low, continuing its downward trend. However, the market did not continue its downward trend after the break, instead undergoing a rapid rebound, reaching a high near 3358, but remaining below the resistance level of 3375. Currently, gold prices are fluctuating around 3350, indicating a lack of upward momentum. The characteristic of volatile markets is that they tend not to sustain. Breaking through key points often leads to a rapid rebound, while approaching key resistance levels above, the market enters a period of stagnation and could experience a correction at any time. In the short term, focus on the first resistance level of 3350-3360, and the second resistance level of 3370-3380. If the price continues to withstand pressure at the first resistance level and fails to break through, it will likely undergo a correction, accumulating upward momentum before retesting the upward resistance level. If the first resistance level is broken, we will focus on the second resistance level, which will be the watershed between bulls and bears this week. If it breaks through and stabilizes above this position, gold will usher in an upward trend. Support levels to watch are 3330-3310.
FX:XAUUSD
by Market_Trader
XAU/USD – Institutional Outlook 15 August 2025Gold continues to grind through a tight mid-$3,300 range after Thursday’s hot U.S. PPI print boosted the dollar and dented large Fed rate-cut bets. Despite the short-term pullback, the broader 4H structure remains intact — giving traders both an upside and downside opportunity today. This is not a scattergun approach. We work with only ONE Buy Zone and ONE Sell Zone with full institutional confluence. Every level here is refined using Price Action, Smart Money Concepts, ICT core principles, Order Blocks, Fair Value Gaps, Premium/Discount arrays, and liquidity mapping. Primary Buy Zone ($3,325–$3,330) – The Golden Zone This is today’s highest-probability trade location. Price sits in structural discount, right on top of a fresh 4H Rally-Base-Rally demand zone with a refined bullish Order Block. An unmitigated Fair Value Gap overlaps perfectly with the Optimal Trade Entry (0.705–0.79 retracement) of the last bullish leg. Liquidity is positioned just below at equal lows near $3,322, inviting a possible stop-run before reversal. Volume imbalance on the prior up-leg confirms smart-money participation. Entry: $3,325–$3,330 Stop-Loss: Below $3,318 (liquidity + swing low) Take-Profit Targets: TP1: $3,357 (local structure) TP2: $3,380 (Fib 1.272 projection) Kill Zone: London open into New York overlap Primary Sell Zone ($3,355–$3,360) Gold’s upside is capped by a 4H Drop-Base-Drop supply zone nested in premium pricing. A refined bearish Order Block aligns with a Fair Value Gap from the last impulsive sell-off. Equal highs around $3,360 offer liquidity for a potential sweep before distribution. Entry: $3,355–$3,360 Stop-Loss: Above $3,370 (EQH cluster) Take-Profit Targets: TP1: $3,330 TP2: $3,305 (Fib 1.272 extension) Fallback Zones – In Case of Manipulative Displacement Fallback Buy: $3,315–$3,320 → Demand zone + OTE + minor FVG; SL below $3,308; same TPs as Primary Buy. Fallback Sell: $3,365–$3,370 → Secondary supply + OTE + OB; SL above $3,375; same TPs as Primary Sell. Why the Golden Zone Matters Today Among all four levels, the Primary Buy Zone at $3,325–$3,330 stands out. It sits at the crossroads of structural discount, smart-money footprints, and liquidity positioning. If price sweeps the equal lows at $3,322 during the London or early NY session, the probability of a sharp, institution-led reversal increases dramatically. Institutional Consensus Market commentary from FXStreet, FXEmpire, and DailyForex all acknowledge mid-$3,320s as a key support zone, with resistance forming near $3,355–$3,400. This alignment reinforces our bias: sellers control the premium zone, but buyers are poised to defend structural discounts. Execution Reminder Trade only the defined zones with precise risk control. These are institution-level liquidity plays, not mid-range chases. If price fails to respect the primary zone, step aside or switch to the fallback. Patience is part of the edge. 💬 If you find this level-by-level breakdown useful, drop a comment below. Let’s see how the Golden Zone plays out in real time.
OANDA:XAUUSD
by Tami512
XAUUSD - The bullish backdrop remains strongOverall Market Sentiment The bullish background remains strong: the dollar index is putting pressure on gold, while geopolitical tensions and expectations of a rate cut by the Fed are increasing demand for the safe-haven asset Direction by indicators: on Investing.com — 9 “Buy” signals against 3 “Sell” signals on moving averages and a neutral overall state Support and resistance levels Key support levels: $3,320 and $3,368–$3,340. A rebound from this zone could serve as a starting point for growth Resistance: it is important to break $3,400 — a psychological and technical barrier, above which a directional move to $3,450 and beyond will open Short-term scenario (LiteFinance): gold is testing resistance in the $3,380–$3,391 zone; a drop from there could lead to $3,330 → $3,268, and a breakout to the upside would accelerate growth to $3,493–$3,515 Union traders are noting the movement after the breakout of $3,375: possible targets are $3,390, $3,402.56 and $3,416.39. A breakout below $3,374.91 could send gold to $3,358.25, $3,350.01 and $3,341.18 1H chart analysis: Gold confidently broke through the $3,350 level, opening a bullish scenario, confirmed by macro dynamics and expectations of monetary policy easing
ICMARKETS:XAUUSDLong
by Trade_Hive_Signals
1
Bullish Outlook Intact: Gold Targeting 3400-3410Gold encountered resistance and retreated several times on its way to 3400, but it remained above 3370 during the pullback, perfectly maintaining the integrity of its volatile upward trend. Therefore, even though gold's upward momentum has weakened, I still believe that due to structural support, gold still has the potential to reach the 3400-3410 area, and may even continue its bullish trend to the 3420-3430 area. As gold prices rise, market sentiment tends to be more optimistic, and the price behavior reflected by the candlestick chart becomes clearer. The lows of gold continue to rise, and the highs always insist on setting new highs in the process of rising. The oscillating upward structure is particularly obvious. While greatly limiting the retracement space, it also greatly consolidates the support structure below and is conducive to further rises in gold. At present, gold has been confirmed to have stabilized above 3370, so gold may not give another chance to fall back to the 3360-3350 area. Then in the next short-term trading, the gold pullback is a buying opportunity. We focus on the opportunity to participate in long gold after gold retreats to 3380-3370. The target will first look at the 3400-3410 area, and the higher target area is in the 3420-3430 area.
OANDA:XAUUSDLong
by Trading-Diary_Steffen
XAUUSD The beginning of large-scale growthCurrent picture and structure The instrument is trading in a narrow range of $3,360-3,375, demonstrating low volatility - ADX is at the low of 2025, which confirms consolidation The price is held inside a long-term ascending channel, with an increase of about 27% since the beginning of 2024 Indicators and signals RSI (14): around 58-59, indicates moderate overbought, but remains in the bullish momentum zone Stochastic (%K ~61%) and MACD (value ~3.8): Buy signals - short-term upward momentum is confirmed ADX (14): around 23-24 - range, weak trend without a clear direction Moving averages on different timeframes give a common signal indicator "Strong Buy" in daily and weekly frames Support and resistance levels Key support: $3,360 — current lower stop range $3,330–3,293 — swing low zone, critical for short-term sales Main resistance: $3,400–3,415 — profit acceptance zone and possible reversal pressure $3,450 — psychological and technical barrier upon breakout of current zone
ICMARKETS:XAUUSDLong
by Trade_Hive_Signals
XAU/USD Approaches Resistance – Watch 3374 CloselyGOLD Overview Gold is currently approaching the 3374 resistance level. A 1H candle close above 3374 could trigger further upside toward the next resistance zones at 3401 and 3402. However, if the price fails to hold above 3365 and starts to decline, this would indicate a potential bearish reversal toward the support levels at 3350 and 3333. The next short-term move will depend on how price reacts around the 3374 zone — watch for either a confirmed breakout or rejection. 🔹 Key Technical Levels: Pivot Line: 3365 Resistance: 3374 • 3388 • 3402 Support: 3350 • 3333 Scenarios: 🔺 Bullish: 1H close above 3374 → Targets: 3388 / 3402 🔻 Bearish: Failure to hold above 3365 → Downside toward 3350 / 3333
OANDA:XAUUSDLong
by SroshMayi
1
Smart Money / Price Action 5min scalping road map# 📈 ABC Pattern Explained for TradingView (Smart Money / Price Action) The **ABC pattern** is a 3-leg corrective move in market structure, commonly used in price action, Elliott Wave, and Smart Money trading. It's mainly used to identify **pullbacks** or **correction zones** before a continuation of the main trend. --- ## 🔹 Structure of the ABC Pattern: - **Point A**: The beginning of the move — often the end of a strong impulsive wave. - **Point B**: The first retracement or pullback from Point A. - **Point C**: The second corrective move that often goes beyond A, forming the completion of the correction phase. The ABC legs can be: - **A to B**: Impulsive or corrective. - **B to C**: Generally a counter-trend retracement. --- ## 🔸 How to Identify on Chart: 1. **Find a strong trend** (uptrend or downtrend). 2. **Look for the first correction** — mark it as Point A to B. 3. **Next wave** that attempts to continue the trend but fails — mark the end as Point C. 4. **Use Fibonacci tools** to measure: - **B retracement of A** (typically 50%–78.6%) - **C extension** of AB (typically 127.2%–161.8%) --- ## 🔧 How to Draw on TradingView: > You can use the `Trend-Based Fib Extension` tool or draw manually using the `Path` or `ABC pattern` tool. ### Step-by-Step: 1. Select the `ABC Pattern` tool from the **left toolbar** under “Prediction and Measurement Tools”. 2. Click on **Point A** (3320$). 3. Click on **Point B** (3350$). 4. Click on **Point C** (final corrective wave 3300$ ). 5. TradingView will automatically plot the shape with labels. --- ## 🧠 Pro Tips: - Look for **liquidity sweep** or **order blocks** near Point C. - Entry opportunity is often **after C**, targeting a **continuation** of the main trend. - ABC is often part of **larger structures** like **complex pullbacks** or **smart money retracements**. --- ## ✅ Example Use: - **Buy Scenario**: - Strong uptrend → Price drops from A to B (retracement). - Then price rises to C, failing to break above A → Possible new higher low formed. - Enter long if price breaks above Point B again. - **Sell Scenario**: - Strong downtrend → A to B is a pullback. - C attempts new high, fails → short entry after break of B. --- ## 📌 Settings Tip for Mobile Users: - Zoom in for better point control. - Use “Lock” feature to prevent accidental move. - Customize color and label visibility in the style tab. --- ## 🔍 Keywords: `ABC Pattern`, `Elliott Correction`, `Smart Money`, `Liquidity Grab`, `Break of Structure`, `Trend Continuation`, `Price Action Trading`, `Market Structure` ---
TVC:GOLDShort
by mmozafari1357